2019-08-202019-08-20http://repository.eafit.edu.co/handle/10784/13762This paper presents an interpretation of post-1953 Colombian economic growth and a discussion on future outcomes. The interpretation takes the form of a data playback guided by the decentralized equilibrium version of the Cass-KoopmansRamsey model. The role of technical change as a driver of GDP growth,household income and average wage is highlighted. The model leads to an unusual conclusion when it is applied to a small open economy like the Colombian one: the higher the rate of expected technical change, the higher the firms ´s investment rate and the lower the households’ savings rate, remaining constant other things.engworkingPaperinfo:eu-repo/semantics/openAccessColombian Economic GrowthCass-Koopmans-Ramsey ModelSmall Open EconomyTechnical ChangeInterest RateInvestmentHouseholds SavingsAcceso abierto2019-08-20E13E21E22F41F43O11O41O54Posada, Carlos Esteban